This is the first preference share offering by a nonbank financial institution from China to replenish Additional Tier 1 capital and continues the firm’s strong track record advising on Additional Tier 1 issuances.

Partners Angela Chan and Fang Liu led the team and they were supported by associates Song Yue, Torrance Shi and Nancy Mu. Partner Alex Lloyd provided expertise on the Volker Rule.

Partners Connie Heng, Fang Liu and Angela Chan led the team and were assisted by associates Song Yue and Torrance Shi, and legal assistant Qingyu Wu.

Partner Connie Heng, Head of Capital Markets for Asia Pacific, said, “Our team has consistently dominated the Additional Tier 1 space on behalf of banks. Our expertise is now being sought after by new issuers including in asset management. Congratulations to our clients and to our team on the success of these offerings.”

Previous landmark issuances the Firm has advised on include Bank of China's US$6.5 billion (about $8.65 billion) offering of Additional Tier 1 preference shares in October 2014, and the first offshore regulatory capital as a Chinese bank, and China Construction Bank's issuance of US$3.05 billion (about $4.06 billion) preference shares in December 2015.